Goldleaf Equips The Peoples Bank with Remote Deposit Express™
Solution Allows Bank to Accept Check Deposits from Any Business Anywhere

Brentwood, TN —May 25, 2005—Goldleaf Technologies, Inc., a leading provider of Web-based ACH origination and check conversion solutions, announced today that Winder, GA-based The Peoples Bank has chosen Goldleaf's Remote Deposit Express™ solution to provide business customers with remote Web-based truncation and submission of check deposits.

“After identifying several opportunities and receiving several customer inquiries about remote deposit, we knew we wanted to act quickly,” says Patti Faglier, EVP and Chief Operations Officer with The Peoples Bank. “Though we are a small community bank, we pride ourselves on offering the products and services that best meet our customers' needs. Goldleaf's Remote Deposit Express meets those needs; it is Web-based and simple to use. Better still, it gives our bank the ability to protect our most important relationships and go after new relationships well beyond our traditional branch communities.”

Remote Deposit Express is a Web-based, bank-branded, front-end solution that requires no software installation. Merchants scan, truncate, and submit checks electronically through a secure, 128-bit RS4 encrypted Internet connection. Financial institutions may process the standardized X9.37 check image files electronically or on paper as substitute checks, making implementation of Remote Deposit Express independent of an institution's Check 21 readiness on the backend.

“The year 2005 will go down in banking history as a fierce ‘land grab' for core deposits,” says Goldleaf Technologies CEO, Paul McCulloch . “Contrary to conventional wisdom, smaller financial institutions can offer remote deposit more quickly and easily than the larger super-regional institutions about which we hear and read so much in the press,” he continues. “With remote deposit, community banks like The Peoples Bank can beat larger competitors to the punch, protect profitable business accounts, and extend their market reach.”

Remote Deposit Express is a simple, optional module on the existing Web-based Goldleaf Client™ system that many financial institutions already use to provide ACH origination services. As such, financial institutions may now offer remote deposit (i.e., check truncation) services and/or ACH origination/check-conversion services to participating businesses via one Web-based front-end using a single scanner.

About The Peoples Bank

Winder, GA-based The Peoples Bank is a community-oriented, customer-focused, full service independent bank with $270M in assets, operating 6 branches in Barrow County . The Peoples Bank has served the Winder community since 1926, and its mission is to meet customers' individual needs with personalized, sound financial advice and service with confidentiality, integrity, and dignity.

About Goldleaf Technologies, Inc.

Brentwood, TN-based Goldleaf Technologies, Inc., is a privately held financial services company offering Web-based ACH, check conversion, and remote deposit solutions as well as dynamic, feature-rich websites and intranets for community financial institutions. Goldleaf's e-payments solutions help financial institutions attract and retain profitable customers, increase core deposits, and generate recurring fee income. Goldleaf serves over 2,500 financial institutions nationwide. For more information, call (877) 999-BANC or visit www.goldleaf.com .

<< back to News Room